• ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS
Tuesday, March 24, 2026
  • Login
Economy India
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
No Result
View All Result
Economy India
No Result
View All Result
Home Economy

Efforts on to Introduce Ethanol in Agriculture, Construction Equipment: Nitin Gadkari

by Economy India
June 4, 2022
Reading Time: 2 mins read
FEATURED IMAGE ECONOMY INDIA 1 1
SHARESHARESHARESHARE
HDFC Securities – Powerful Voices in Finance
ADVERTISEMENT

According to reports, Union Minister Nitin Gadkari on Saturday stressed on the need to switch to alternative fuel like ethanol and said efforts are on to introduce ethanol in construction and agriculture equipment.

The Union road transport and highways minister said the country imports petroleum products worth Rs 10 lakh crore to meet the requirements in the energy and power sector, and in the next five years, the demand may go up to Rs 25 lakh crore, which will affect the economy.

Gadkari was speaking at the state-level Sugar Conference 2022 organised by Vasantdada Sugar Institute in Pune, the report said.

“Alternative fuel is the future. After electric scooters, cars and buses, soon we will have electric tractors and trucks. I am going to launch these soon,” Gadkari said.

ADVERTISEMENT

Diesel-based agriculture equipment should be made petrol based and flex engines can be converted to run on ethanol, he said, adding that efforts are on to introduce ethanol in construction equipment as well, the report said.

Highlighting the need to shift from sugar production to ethanol, the minister said, “The rise in sugar demand across the globe is temporary. When the price of crude oil goes up to $140 per barrel, Brazil produces ethanol from sugarcane, increasing the demand for sugar from India. When the price of crude oil dips to $70 to $80 per barrel, Brazil starts producing sugar.”

When crude oil becomes cheaper, sugar prices will also come down drastically, he said.

Gadkari also asked Maharashtra Deputy Chief Minister Ajit Pawar to set up ethanol pumps in Pune, to help farmers sell the fuel directly, the report said.

Chief Minister Uddhav Thackeray, who addressed the conference virtually, said sugar producers in the state were facing several problems.

“We have to follow Brazil for market research. They (Brazil) conduct surveys and accordingly choose a crop in a year. Times are changing and accordingly, we should adopt technology. The future will be ethanol,” Thackeray said.

Sugarcane workers are important, and the Gopinath Ustod Kamgar Mahamandal has been formed to help resolve issues faced by them, the report said.

The chief minister further said cultivators must consider adopting micro-irrigation for sugarcane crop, as water is a valuable resource and rainfall is unpredictable. (Economic Times)

hdfc securities powerful voices in finance
ADVERTISEMENT
Ambedkar Chamber
ADVERTISEMENT
India Sustainability Awards 2026
ADVERTISEMENT
ESG Professional Network
ADVERTISEMENT
Tags: AgricultureEconomy IndiaIndian EconomyMinister Nitin Gadkari
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

Related Posts

Budget Rejects Populism, Bets Big on Capex to Power Jobs and Long-Term Growth: PM Narendra Modi
Economy

Budget Rejects Populism, Bets Big on Capex to Power Jobs and Long-Term Growth: PM Narendra Modi

February 15, 2026
India Contributes 16% to Global Growth, Emerging as New Engine of World Economy: PM Modi
Economy

India Contributes 16% to Global Growth, Emerging as New Engine of World Economy: PM Modi

February 14, 2026
India-US Joint Statement Remains Basis for Interim Trade Agreement: What It Means and Why It Matters
Economy

India-US Joint Statement Remains Basis for Interim Trade Agreement: What It Means and Why It Matters

February 13, 2026
India–US Trade Pact Opens $118 Billion Textile Market for Indian Exports, Says Government
Economy

India–US Trade Pact Opens $118 Billion Textile Market for Indian Exports, Says Government

February 7, 2026
Interim Trade Agreement with US to Boost ‘Make in India’, Create Jobs: PM Modi
Economy

Interim Trade Agreement with US to Boost ‘Make in India’, Create Jobs: PM Modi

February 7, 2026
RBI Survey: India’s GDP Growth Likely at 6.5–6.9% in FY 2026–27
Economy

RBI Survey: India’s GDP Growth Likely at 6.5–6.9% in FY 2026–27

February 7, 2026
Next Post
FEATURED IMAGE ECONOMY INDIA 1 1

CSR: M3M Foundation plants 200 saplings in Govt. Girls’ Middle School, Tauru, Nuh

HDFC Securities – Powerful Voices in Finance
ADVERTISEMENT
Ambedkar Chamber
ADVERTISEMENT
India Sustainability Awards 2026
ADVERTISEMENT
ESG Professional Network
ADVERTISEMENT

LATEST NEWS

AIC Launches ‘Krishi Sakhi’ Initiative to Empower Women Farmers, Boost Inclusive Growth

Affordable Housing Finance in India: Expanding Access to Homeownership

Why Punjab is Attracting Fresh Industrial Investments: A New Economic Chapter for the State

Chhattisgarh Tops India in PM Matru Vandana Yojana Implementation Among Large States

India Eases FDI Rules for Neighbouring Countries Including China; Investments Below 10% Stake Allowed Without Approval

China in Africa: Investment and Trade Deliver Results When Strong Oversight Exists

Ambani’s Reliance to Invest in First New US Oil Refinery in 50 Years, Says Trump

Successful Industrial Visit to Agrawal Food Industries Organized by ICAI Raigarh Branch

  • ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS

Copyright © 2024 - Economy India | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories

Copyright © 2024 - Economy India | All Rights Reserved